Morgan Stanley restated their equal weight rating on shares of Rotork (LON:ROR) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently issued reports on the company. Peel Hunt reissued a buy rating on shares of Lookers in a research note on Monday, July 8th. Credit Suisse Group initiated coverage on Yunji in a research note on Wednesday, July 3rd. They issued an outperform rating and a $14.50 price objective on the stock. Berenberg Bank set a €54.00 ($62.79) target price on 1&1 Drillisch and gave the company a buy rating in a research report on Thursday, May 16th. Deutsche Bank dropped their target price on Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a research report on Friday, June 14th. Finally, Goldman Sachs Group cut EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 312.71 ($4.09).
Shares of LON:ROR opened at GBX 304.40 ($3.98) on Thursday. Rotork has a 52-week low of GBX 232.60 ($3.04) and a 52-week high of GBX 363.20 ($4.75). The company has a market capitalization of $2.65 billion and a PE ratio of 28.99. The business has a 50 day moving average price of GBX 304.36. The company has a debt-to-equity ratio of 11.85, a quick ratio of 1.62 and a current ratio of 2.24.
In related news, insider Jonathan Davis bought 484 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of GBX 297 ($3.88) per share, with a total value of £1,437.48 ($1,878.32).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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